Which of the Following Has Been Developed to Reduce Tailpipe

question 30

Multiple Choice

Which of the following has been developed to reduce tailpipe emissions?

• A) gear shaft
• B) catalytic converter
• C) carburetor
• D) fuel injector

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Definitions:

Tax Advantage

A tax advantage refers to the economic bonus that applies to certain investments or transactions that are favored by tax policy, allowing for a reduction in tax liabilities.

Lower of Cost

A principle that states inventory should be recorded at the lesser of its historical cost or the current market value, to ensure assets are not overstated.

IFRS

International Financial Reporting Standards, which are international accounting standards set by the International Accounting Standards Board to ensure transparency and comparability of financial statements worldwide.

Direct Costing

An accounting method that only considers variable costs as product costs, while fixed costs are treated as period expenses.